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Global Steel Wire Rope Market: By Type of Lay: Regular Lay, Lang Lay, Alternate Lay; By Strand Pattern: Single Layer, Filler Wire, Seals, Warrington, Combination; By Steel Type; By Coating Type; By Application; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments
Global Steel Wire Rope Market Outlook
The global steel wire rope market is expected to grow at a CAGR of 3.4% in the forecast period of 2021-2026.
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The Asia Pacific to Emerge as a Significant Regional Market for the Steel Wire Rope Industry
The global steel wire rope industry is significantly being led by the Asia Pacific region. In the Asia Pacific, particularly in China, Indonesia, and India, both consumption and sales of steel wire ropes are extremely high. Healthy growth is expected to take place in the steel wire rope industry in Asian countries, including China, India, Indonesia, Thailand, and Malaysia. China has been experiencing considerable growth over the past decade in the steel wire rope industry, attributable to the growth in steel production as well as investments in infrastructure involving lifting and motion applications.
Globally, the steel wire rope market is being propelled forward by the oil and gas, marine, and mining industries. The mining sector is expected to experience a steady growth pattern over the forecast period. Steel wires manufacturers are expected to increasingly concentrate on economies that produce and import substantial steel.
Steel Wire Rope: Industry Definition and Segmentation
Steel wire rope refers to a machinery commonly used for construction, mining, oil, and gas mining, among other fields. A steel wire rope is typically composed of wires, strands, and a core made of steel and fibre. The goal of the core is to sustain the external strands and preserve them as they function. The wires are primarily made of stainless steel and high carbon steel. The wires are twisted into strands.
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The type of lay can be divided into:
- Regular Lay
- Lang Lay
- Alternate Lay
The strand pattern of the product can be categorised as follows:
- Single Layer
- Filler Wire
- Seals
- Warrington
- Combination
The steel type can be divided into stainless steel and galvanized steel.
The coating type of the product can be divided into the following:
Steel wire rope finds wide applications in the following:
- Oil and Gas
- Heavy Machinery
- Mining
- Marine
- General Engineering
- Construction
- Others
The regional markets for steel wire rope can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Applications of Steel Wire Rope Bolstering the Market Growth
Due to the rising demand for steel wire rope from various industries like marine and fishery, industrial and crane, and mining industries, the steel wire rope industry is witnessing a healthy growth. Steel wire rope and plastic ropes are light, sturdy, low specific gravity, superior elasticity, resistant to corrosion, and has high moldability. These ropes have excellent resistance to impact, durability, high strength, abrasion, and corrosion resistance, which are their preferred features in these industries. These factors are expected to drive the market growth in the coming years.
Key Industry Players in the Global Steel Wire Rope Market
The report gives a detailed analysis of the following key players in the global steel wire rope market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Cortland Limited
- Anchor Industries Pty Ltd
- Samson Rope Technologies, Inc.
- Chung Woo Rope Co. Ltd
- Teufelberger Holding AG
- Fasten Group
- Bekaert Group
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Steel Wire Rope Market Analysis
8.1 Key Industry Highlights
8.2 Global Steel Wire Rope Historical Market (2016-2020)
8.3 Global Steel Wire Rope Market Forecast (2021-2026)
8.4 Global Steel Wire Rope Market by Type of Lay
8.4.1 Regular Lay
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Lang Lay
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.3 Alternate Lay
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2016-2020)
8.4.3.3 Forecast Trend (2021-2026)
8.5 Global Steel Wire Rope Market by Strand Pattern
8.5.1 Single Layer
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Filler Wire
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Seals
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Warrington
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2016-2020)
8.5.4.3 Forecast Trend (2021-2026)
8.5.5 Combination
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2016-2020)
8.5.5.3 Forecast Trend (2021-2026)
8.6 Global Steel Wire Rope Market by Steel Type
8.6.1 Stainless Steel
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Galvanized Steel
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.7 Global Steel Wire Rope Market by Coating Type
8.7.1 Vinyl
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2016-2020)
8.7.1.3 Forecast Trend (2021-2026)
8.7.2 Zinc
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2016-2020)
8.7.2.3 Forecast Trend (2021-2026)
8.7.3 Nylon
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2016-2020)
8.7.3.3 Forecast Trend (2021-2026)
8.7.4 PVC
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2016-2020)
8.7.4.3 Forecast Trend (2021-2026)
8.7.5 Others
8.8 Global Steel Wire Rope Market by Application
8.8.1 Oil and Gas
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2016-2020)
8.8.1.3 Forecast Trend (2021-2026)
8.8.2 Heavy Machinery
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2016-2020)
8.8.2.3 Forecast Trend (2021-2026)
8.8.3 Mining
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2016-2020)
8.8.3.3 Forecast Trend (2021-2026)
8.8.4 Marine
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2016-2020)
8.8.4.3 Forecast Trend (2021-2026)
8.8.5 General Engineering
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2016-2020)
8.8.5.3 Forecast Trend (2021-2026)
8.8.6 Construction
8.8.6.1 Market Share
8.8.6.2 Historical Trend (2016-2020)
8.8.6.3 Forecast Trend (2021-2026)
8.8.7 Others
8.9 Global Steel Wire Rope Market by Region
8.9.1 Market Share
8.9.1.1 North America
8.9.1.2 Europe
8.9.1.3 Asia Pacific
8.9.1.4 Latin America
8.9.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis
12.1 Major Exporting Countries:
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Cortland Limited
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Anchor Industries Pty Ltd
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Samson Rope Technologies, Inc.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Chung Woo Rope Co. Ltd
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Teufelberger Holding AG
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Fasten Group
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Bekaert Group
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Others
14 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Materials
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Figures and Tables
1. Global Steel Wire Rope Market: Key Industry Highlights, 2016 and 2026
2. Global Steel Wire Rope Historical Market: Breakup by Type of Lay (USD Billion), 2016-2020
3. Global Steel Wire Rope Market Forecast: Breakup by Type of Lay (USD Billion), 2021-2026
4. Global Steel Wire Rope Historical Market: Breakup by Strand Pattern (USD Billion), 2016-2020
5. Global Steel Wire Rope Market Forecast: Breakup by Strand Pattern (USD Billion), 2021-2026
6. Global Steel Wire Rope Historical Market: Breakup by Steel Type (USD Billion), 2016-2020
7. Global Steel Wire Rope Market Forecast: Breakup by Steel Type (USD Billion), 2021-2026
8. Global Steel Wire Rope Historical Market: Breakup by Coating Type (USD Billion), 2016-2020
9. Global Steel Wire Rope Market Forecast: Breakup by Coating Type (USD Billion), 2021-2026
10. Global Steel Wire Rope Historical Market: Breakup by Application (USD Billion), 2016-2020
11. Global Steel Wire Rope Market Forecast: Breakup by Application (USD Billion), 2021-2026
12. Global Steel Wire Rope Historical Market: Breakup by Region (USD Billion), 2016-2020
13. Global Steel Wire Rope Market Forecast: Breakup by Region (USD Billion), 2021-2026
14. North America Steel Wire Rope Historical Market: Breakup by Country (USD Billion), 2016-2020
15. North America Steel Wire Rope Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Europe Steel Wire Rope Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Europe Steel Wire Rope Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Asia Pacific Steel Wire Rope Historical Market: Breakup by Country (USD Billion), 2016-2020
19. Asia Pacific Steel Wire Rope Market Forecast: Breakup by Country (USD Billion), 2021-2026
20. Latin America Steel Wire Rope Historical Market: Breakup by Country (USD Billion), 2016-2020
21. Latin America Steel Wire Rope Market Forecast: Breakup by Country (USD Billion), 2021-2026
22. Middle East and Africa Steel Wire Rope Historical Market: Breakup by Country (USD Billion), 2016-2020
23. Middle East and Africa Steel Wire Rope Market Forecast: Breakup by Country (USD Billion), 2021-2026
24. Major Importing Countries by Volume (2020)
25. Major Exporting Countries by Volume (2020)
26. Major Importing Countries by Value (2020)
27. Major Exporting Countries by Value (2020)
28. Global Steel Wire Rope Market Structure
Key Questions Answered in the Report
The global steel wire rope market is projected to grow at a CAGR of 3.4% between 2021 and 2026.
The growth of the industry is supported by factors like rising population, growing disposable incomes, and the rising demand from marine and fishery, industrial and crane, and mining industries.
Favourable characteristics of the product like excellent resistance to impact, durability, high strength, abrasion, and corrosion resistance act as key industry trends informing the growth of the market.
The leading types of lay in the market are regular lay, lang lay, and alternate lay.
The significant strand patterns of steel wire rope in the industry are single layer, filler wire, seals, warrington, and combination.
The major steel types in the market are stainless steel and galvanized steel.
The leading coating types of steel wire rope in the industry are vinyl, zinc, nylon, and PVC, among others.
The significant application segments in the market are oil and gas, heavy machinery, mining, marine, general engineering, and construction, among others.
The major players in the industry are Cortland Limited, Anchor Industries Pty Ltd, Samson Rope Technologies, Inc., Chung Woo Rope Co. Ltd, Teufelberger Holding AG, Fasten Group, and Bekaert Group, among others.
Analyst Review
The global steel wire rope market is being driven by growing demand from marine and fishery. Aided by the technological advancements, the market is expected to witness a moderate growth in the forecast period of 2021-2026, growing at a CAGR of 3.4%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type of lay, the market is segmented into regular lay, lang lay, and alternate lay. By strand pattern, the industry is divided into single layer, filler wire, seals, warrington, and combination. On the basis of steel type, the market is bifurcated into stainless steel and galvanized steel. Based on coating type, the industry is segmented into vinyl, zinc, nylon, and PVC, among others. By application, the market is categorised into oil and gas, heavy machinery, mining, marine, general engineering, and construction, among others. The major regional markets for steel wire rope are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Cortland Limited, Anchor Industries Pty Ltd, Samson Rope Technologies, Inc., Chung Woo Rope Co. Ltd, Teufelberger Holding AG, Fasten Group, and Bekaert Group, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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